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    343 Park Street

    Redwood City, CA 94061
    • $1,500,000
    • STATUS: Active
    • ON SITE: 40 days
    • ID#: ML81810267
    UPDATED: 43 min ago
    $1,500,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,880
      SQFT
    • $798
      $/SQFT
    Type:
    Multi-Family
    Built:
    1943
    County:

    School Ratings & Info

    Description

    Collect cash as a landlord (4.1% Cap Rate) or move in this duplex with your extended family. A corner lot w/ two detached structures, this is the original home offering an investor the ability to continue a strong income from current residents or renovate the building in a gentrifying neighborhood. The second structure has its own address and is an apartment over a two-car garage with laundry hookups and a half bath. 343 Park Street is a 3 bed and 1 bath with substantial front yardage and a sizable living/dining area. It rents for $2,950 per month (Tenants pay all utilities) and the current lease term is month-to-month and any purchaser could move-in or renovate this unit once current residents move-out. 465 Cypress utilizes is a 2 Bed 1.5 Bath with a two-car garage that offers plenty of space along with an in-unit washer and dryer. The current residents pay $3,311 in rent per month (Tenants pay all utilities) and have tenancy until 19 June 2021. Great investment opportunity!

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    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-21T23:40:49.737.

    www.searcheastbayrealestate.com/homes/109938913
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    343 Park Street Redwood City, CA 94061

    • Price: $1,500,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: ML81810267
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1,880
    SQFT
    $798
    $/SQFT
    1943
    Built
    Neighborhood:
    All Other Counties/States
    County:
    San Mateo
    Area:
    All Other Counties/States
    Property Description
    Collect cash as a landlord (4.1% Cap Rate) or move in this duplex with your extended family. A corner lot w/ two detached structures, this is the original home offering an investor the ability to continue a strong income from current residents or renovate the building in a gentrifying neighborhood. The second structure has its own address and is an apartment over a two-car garage with laundry hookups and a half bath. 343 Park Street is a 3 bed and 1 bath with substantial front yardage and a sizable living/dining area. It rents for $2,950 per month (Tenants pay all utilities) and the current lease term is month-to-month and any purchaser could move-in or renovate this unit once current residents move-out. 465 Cypress utilizes is a 2 Bed 1.5 Bath with a two-car garage that offers plenty of space along with an in-unit washer and dryer. The current residents pay $3,311 in rent per month (Tenants pay all utilities) and have tenancy until 19 June 2021. Great investment opportunity!
    Exterior Features

    Parking Spaces Total 0 Roof Composition Shingles

    Interior Features

    Apx Sq Ft Unit1 980 Apx Sq Ft Unit2 900 Bedrooms Unit1 3 Bedrooms Unit2 2 Cooling No Air Conditioning Heating Wall Furnace

    Property Features

    Age 77 Annual Gross Sched Income 75132 Annual Rental Inc 75132 Annual Taxes 2587 Annual Utility Expense 0 Building Type Duplex Disclosures Nat Hazard Disclosure Existing Lease Terms Month To Month Financial Data Source Owner Rent Unit1 2950 Rent Unit2 3311 Tenant Pays ElectricGasTrashWater Terms 1031 Exchange Water Sewer Sewer System - PublicWater - Public Zoning R-4

    Listing courtesy of Jason Born of Born Real Estate, Inc..


    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-21T23:40:49.737.

     
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